Clay, IN housing market
The typical Clay home is worth about $183,000, up 2.4% in a year, 30% below the Indiana typical home.
Home values, sales, trends and how Clay compares with the towns next door — updated as new data is published.
Clay at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Clay | Indiana |
|---|---|---|
| 2017 | $86,000 | $135,000 |
| 2018 | $91,000 | $144,000 |
| 2019 | $99,000 | $154,000 |
| 2020 | $108,000 | $164,000 |
| 2021 | $127,000 | $183,000 |
| 2022 | $142,000 | $209,000 |
| 2023 | $152,000 | $227,000 |
| 2024 | $166,000 | $237,000 |
| 2025 | $183,000 | $249,000 |
| 2026 | $180,000 | $256,000 |
| August 2026 | $183,000 | $260,000 |
2.5 years of income
The typical Clay home costs about 2.5 years of the town's median household income, less than across Indiana (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Clay is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Clay pay a median of $756, so moving in tends to cost more than staying put. A two-bedroom takes about 16% of the town's median household income.
Studio $750 · 4 bedrooms $1,430
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47841; Owen County, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Clay
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.